Should the Federal Reserve Issue a Central Bank Digital Currency?
During Federal Reserve Chairman Jerome Powell’s July 2021 congressional testimony, several elected members encouraged Powell to fast-track the issuance of...
The End of Bretton Woods, Jacques Rueff, and the “Monetary Sin of the West”
August 15, 2021 marks the 50th anniversary of the day President Richard Nixon “closed the gold window,” ending the postwar...
Central Bank Digital Currency: To What Effect?
Digital currencies are not new to the financial system, but innovations around them are changing how payments are made, what...
Out of the Separation-of-Powers Frying Pan and Into the Nondelegation Fire: How the Court’s Decision in Seila Law Makes CFPB’s Unlawful Structure Even Worse
The U.S. Supreme Court’s June 29, 2020 decision in Seila Law LLC v. Consumer Financial Protection Bureau fixed a glaring...
Paul Krugman’s Ad Hominem Defense of Central Banking
One of the sorriest aspects of almost all political discussions nowadays is how often they seem to degenerate into rude...
Gold and Free Banking versus Central Banking
In spite of the officially declared “independence” of the Federal Reserve from the immediate political control of either Congress or...
